Dublin, April 17, 2024 (GLOBE NEWSWIRE) -- The "Hoist Market Report: Trends, Forecast and Competitive Analysis to 2030" report has been added to ResearchAndMarkets.com's offering.
The global hoist market is expected to grow with a CAGR of 5.5% from 2024 to 2030. The major drivers for this market are rise in global population and surge in demand for industrial and commercial.
The future of the market looks promising with opportunities in the automotive & railway, aerospace & defense, transportation & logistics, construction, shipping & marine, material handling, and agriculture & forestry markets. This study includes a forecast for the global hoist by distribution channel, application, end use, and region.
Hoist Market by Distribution Channel [Shipment Analysis by Value from 2018 to 2030]:
- Direct
- Indirect
Hoist Market by Application [Shipment Analysis by Value from 2018 to 2030]:
- Commercial Recovery
- Crane
- Workboat
- Utility
- Others
Hoist Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
- Automotive & Railway
- Aerospace & Defense
- Transportation & Logistics
- Construction
- Shipping & Marine
- Material Handling
- Agriculture & Forestry
- Others
Hoist Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Hoist Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies hoist companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the hoist companies profiled in this report include:
- Columbus McKinnon
- Demag Cranes & Components
- Donati Sollevamenti
- TWG
- Hitachi Industrial Equipment Systems
- Ingersoll Rand
- Kito
- Konecranes
- Liftket Hoffmann
- Verlinde
Hoist Market Insights
- Indirect distribution channels will remain the larger segment over the forecast period due to rising demand for after-market services.
- Within this market, construction will remain the largest segment due to growing demand for infrastructure development.
- APAC will remain the largest region over the forecast period due to large and growing manufacturing sector.
Features of the Global Hoist Market
- Market Size Estimates: Hoist market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Hoist market size by distribution channel, application, end use, and region in terms of value ($B).
- Regional Analysis: Hoist market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different distribution channel, application, end use, and regions for the hoist market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the hoist market.
- Analysis of competitive intensity of the industry based on Porter's Five Forces model.
For more information about this report visit https://www.researchandmarkets.com/r/hkdirz
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